The National Council on Compensation Insurance (NCCI) recently proposed an overall average change in voluntary loss cost level of -0.6 percent in Connecticut. Key components for the proposed change include -0.4 percent for experience and trend, -0.2 percent for benefits, and no change for loss-based expenses.
In its filing on Sept. 26, NCCI also requested an overall average change in assigned risk rate level of -0.5 percent. Key components include -0.6 percent for the overall voluntary loss cost level change and +0.1 percent change in the assigned risk multiplier.
NCCI’s filing is proposed to be effective Jan. 1, 2015 and is currently under review by the Connecticut Insurance Department.
Was this article valuable?
Here are more articles you may enjoy.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
How Insurers Know When It’s Time to Scale AI 
Space Startups Seek Insurance for Orbital AI Data Centers 
